The funding, to be distributed over the next 4 years, comes from the Sharing in Growth (SiG) initiative, which was set up in 2012 to deliver a £110 million programme of aerospace supplier development over 5 years to 30-40 UK suppliers.
The UK aerospace sector is the European leader and global number two. Its world class capabilities in the manufacture of some of the most sophisticated and high value parts of modern aircraft has created a high-tech and high-skill industry of 3000 companies and 230,000 employees in the UK that creates massive UK economic benefits. (Source: SiG.) |
AGC AeroComposites’ customers AgustaWestland and Rolls Royce nominated the company, which allowed it to present a business case to government representatives and led to it being chosen to be part of this initiative.
Created to ensure UK-based aerospace manufacturers remain competitive on a global scale, Sharing in Growth focuses on training. The intent is to create workflow efficiencies at each participating site.
“Our UK sites in Derby and Yeovil are already becoming more focused, efficient and competitive as a result of the training and development afforded by our Sharing in Growth funding,” reports Steve Smith, President, Europe, Middle East & Asia for AGC AeroComposites.
AGC AeroComposites Yeovil specialises in advanced composite materials technology for defence systems, aircraft interiors and air transport equipment.
AGC AeroComposites, an AGC Aerospace & Defense company, has 3 sites in the UK and 3 sites in the US.
